Crypto Contest May 3: Monero
Monero has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Monero began a wave one advance on February 24. The wave one finished on March 6, and the wave two correction ended on March 10. The wave three advance finished on March 19, and the wave four correction ended on April 27. If this wave count is correct, Monero should be heading next towards the March 19 peak in the wave five.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Monero from here:
https://steemit.com/monero/@maarnio/crypto-contest-november-8-monero
If you think this analysis is correct, upvote this post and upvote the comment "Monero will takeout the March 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Monero will drop below the March 10 low".
If you think Monero is in a range, upvote this post and upvote the comment "Monero will stay in a trading range between the March 10 low and the March 19 peak until May 29".
You can upvote the comment until 3 PM EST May 4 and you can upvote only one comment. 200% of Steem from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Monero will takeout the March 19 peak (9 voters as of 3 PM EST May 4: otisbrown, bleujay, gregory-f, simonjay, yefet, soundmoney, cassidyandfranks, dirty.hera, ragnaros).
You won.
Monero will stay in a trading range between the March 10 low and the March 19 peak until May 29 (8 voters as of 3 PM EST May 4: twinner, razorwave8, spinbunny, allyouneedtoknow, sroka87, avarice, mirda, coolthings).
Monero will drop below the March 10 low (1 voter as of 3 PM EST May 4: starline).
This post has been ranked within the top 80 most undervalued posts in the second half of May 03. We estimate that this post is undervalued by $3.66 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 03 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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